Indian state-owned Oil and Natural Gas Corporation Limited (ONGC) has entered into a memorandum of understanding (MoU) with Shell to collaborate on carbon capture, utilization, and storage (CCUS) studies. The partnership will be centered on joint CO2 storage study and screening assessment of enhanced oil recovery (EOR) for major basins in India including depleted oil […]
Larsen & Toubro Limited (L&T) said that its hydrocarbon business — L&T Energy Hydrocarbon (LTEH) has bagged a couple of offshore orders worth in the range of INR 1,000 to 2,500 crores. L&T Energy Hydrocarbon has won a contract for decommissioning of offshore facilities in India from British Gas Exploration and Production India Limited (BGEPL), […]
Oil and Natural Gas Corporation (ONGC) has reported a net profit of INR 12,826 crores for the second quarter of the financial year 2022-2023 (Q2 FY 23), which is a decrease of 30.1% compared to INR 18,348 crores in the same period of the previous financial year. The gross revenue of the Indian state-owned oil […]
Oil and Natural Gas Corporation (ONGC) has signed contracts under the DSF-III bid round to develop six discovered small fields (DSF) in Indian offshores. The contracts cover three fields each in the Arabian Sea and the Bay of Bengal and will involve a total investment of more than $1.89 billion (INR 15,004 crores) to develop the […]
Shelf Drilling has won a three-year contract from Oil and Natural Gas Corporation (ONGC) for the C.E. Thornton jack-up rig for operations in the Mumbai High, offshore India. According to the shallow water offshore drilling contractor, the planned start-up of operations under the contract is Q2 2023. Earlier this month, Shelf Drilling wrapped up the […]
Ador Welding Limited, a Mumbai-based industrial manufacturing company, has been issued a letter of award (LOA) from Oil and Natural Gas Corporation Limited (ONGC), Uran for a contract worth INR 1.45 crores. Under the contract, Ador Welding will be responsible for engineering, supply, erection, and commissioning of a demountable flare stack project on lump sum […]
Urraca oil discovery : ONGC Videsh Limited (OVL) has pulled off an oil discovery in the onshore CPO5 block in the Llanos Basin in Colombia through the drilling of the Urraca-IX well. The fully-owned subsidiary and overseas arm of the Indian state-owned Oil and Natural Gas Corporation (ONGC) is the operator of the Colombian block […]
Tachyus, a US-based technology provider for optimizing energy production for the oil and gas industry, has been roped in by India’s Oil and Natural Gas Corporation (ONGC). According to Tachyus, the Indian state-owned energy company will use the former’s technology for optimizing some of the larger waterflood fields in India. Tachyus and ONGC will be […]
Indian state-owned Oil and Natural Gas Corporation (ONGC) has entered into a memorandum of understanding (MoU) with Norwegian oil and gas giant Equinor to collaborate on exploration and production (E&P), clean energy, midstream, downstream, and clean energy options. The parties will also work together on carbon capture utilization and sequestration (CCUS). The MoU will be […]
Oil and Natural Gas Corporation (ONGC) has reported a net profit of INR 8,764 crores for the third quarter of the fiscal year 2022 (Q3 FY22), an increase of 596.7% compared to INR 1,258 crores in the same period of the previous fiscal year. For the reported period, the Indian state-owned oil and gas company […]